Egypt releases $3.7bln goods from ports in 18 days

By Nada Ali On Feb 20, 2023

Suez Canal Economic Zone — The Port of Sokhna, which will host a series of new green maritime fuel projects. (Photo Credit: SCZone)

Egyptian government has released $3.7 billion worth of goods from ports during the period from February 1^st to 18^th, according to Egyptian Cabinet spokesman Nader Saad said on Sunday.

Prime Minister Moustafa Madbouly held a meeting with Central Bank of Egypt’s (CBE) governor Hassan Abdalla, Minister of Trade and Industry Ahmed Samir and number of officials to follow up Advance Cargo Information (ACI) system.

Madbouly stressed to continue keenness on efforts to facilitate customs release operations in various Egyptian ports and shorten the release time for imported goods and materials.

In addition to that facilitate trade movement, with continued periodic follow-up by the responsible authorities, in a way that contributes to activating the work of this system.

Advance Cargo Information (ACI)Central Bank of Egypt Central Bank of Egypt (CBE)Egypt's Minister of Trade and Industry Egypt’s Prime Minister Moustafa Madbouly Egyptian Cabinet Egyptian government Egyptian ports